Quickhelp, which we previously dubbed the "Uber for tutoring", announced that it was acquired for an undisclosed amount by Yup Technologies, a San Francisco-based company that works in edtech as well.
The deal was finalized around March and April, according to Hikari Senju, co-founder of Quickhelp. Senju added he started working for Yup about a month and a half ago to lead their growth efforts.
Senju said that he met with Naguib Sawiris, founder and CEO at Yup, last year in San Francisco, while Senju was on a series of business trips. "Basically, we realized that our missions are very in line," Senju said in an exclusive interview with BostInno. "We both really genuinely care about improving the quality of education in the United States."
A Harvard Innovation Lab venture, Quickhelp connect grad and undergrad students with tutors offering their services at affordable prices. Formerly known as MathCrunch, San Francisco-based Yup provides a similar service with a special focus on math and science education. According to Senju, Quickhelp focuses more on college students for general tutoring services, while Yup targets middle school and high school students.
There's also a difference in funding between the two companies. Quickhelp has been bootstrapping, while Yup raised a total of $7.5M in 2 rounds. However, the two companies both care about the same things, Senju said commenting the acquisition. "It was more about: Who can we partner with to provide the most social impact?"
Following the acquisition, Quickhelp will be closing its Boston office at The Harvard Innovation Lab. The staff, which Senju said it's composed of "between three and five" people, will not be following the co-founder in California.
Senju declined to disclose financial details, but he said they've been acquired on "very good terms."
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